Somerset Treatment Services Inc (EIN 222526128) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Joanna Holley

Phone

9087221223

Tax Period

2024-07-01 to 2025-06-30

Somerset Treatment Services Inc, founded in 1984, is a small nonprofit in the Mental Health sector that reported $970K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

Provide quality treatment and prevention services to all persons suffering from the consequences of substance abuse or HIV illnesses.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $455,740

Program Service Revenue $506,458

Investment Income $7,436

Other Revenue $724

TOTAL REVENUE $970,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $721,182

Fundraising Expenses $4,912

Program Expenses $749,118

Other Expenses $466,260

TOTAL EXPENSES $1,187,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$970,358	$1,314,689	-0.3%
Expenses	$1,187,442	$1,272,999	-0.1%
Net Income	$-217,084	$41,690	-6.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$31,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Dematos	Former Executive Director	40.00	Officer	$31,154	$0	$31,154
Joanna Holley	Associate Director	50.00	Highest	$133,524	$0	$133,524
Rob Skobo	President	2.00	Officer Director	$0	$0	$0
Nathan Santamarito	Member	2.00	Director	$0	$0	$0
Brian Auger	Member	2.00	Director	$0	$0	$0
Rick St Pierre	Member	2.00	Director	$0	$0	$0
Louis Petzinger	Member	2.00	Director	$0	$0	$0
Guy Catapano	Member	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$970,358	$1,187,442	$691,894	$-217,084
2024	$1,314,689	$1,272,999	$969,808	$41,690
2023	$1,274,085	$1,283,580	$978,871	$-9,495
2022	$1,512,073	$1,466,116	$960,039	$45,957
2021	$1,357,959	$1,541,795	$1,213,471	$-183,836
2020	$1,670,251	$1,657,672	$1,176,197	$12,579
2019	$1,666,502	$1,595,722	$1,189,741	$70,780
2018	$1,671,133	$1,539,359	$1,142,523	$131,774

Somerset Treatment Services Inc